Mixed end as inflation worries ease

WALL Street stocks ended mixed yesterday as signs of weakness in consumer demand eased US inflation worries but added to concerns…

WALL Street stocks ended mixed yesterday as signs of weakness in consumer demand eased US inflation worries but added to concerns about company revenues.

The Dow Jones industrial average rose 1.48 to close at 5,719.27. Technology shares were hit hard again, weighing down the Nasdaq market amid growing worries about the prospects for disappointing profits in the computer sector.

Declines outnumbered advances by a 6 to 5 margin on the New York Stock Exchange, with 1,091 up, 1,317 down and 769 unchanged.

NYSE volume totalled 388.99 million shares, against 333.82 million in the previous session.

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The NYSE's composite index rose 0.02 at 358.03, and the Standard and Poor's 500 stock index fell 0.37 to 668.48.

The Nasdaq composite index fell 10.32 to 1,172.58, and the American Stock Exchange's market value index fell 3.41 to 581.73.